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The fuel price hikes have recently led to traffic jams at nearby gas stations and scuffles with fuel consumers. (AFP\Photo)

SMEDA launches an EGP 100m-worth initiative to convert cars to natural gas

Small and Medium Enterprises Development Authority (SMEDA) signed two contracts worth EGP 15m on Wednesday with natural gas company Cargas to finance the project of converting cars to run on dual fuel, natural gas and gasoline, in addition to opening outlets for the engine oil sales. The first contract aims at converting 2000 cars to natural gas …

Hossam Mounir

Shell dominates 19% of Egypt lubricants market

Saher Hashem, managing director of Shell Lubricants Egypt, said that the company’s share of lubricants market increased to 18.5-19% this year, up from 6.5% in 2008, despite selling the petrol stations it owned. Shell had sold all its stations across Egypt in 2013 to French company Total. According to Hashem, during a round table discussion …

Ahmed Ismail

Powering up Egypt

Siemen’s newest power project in Egypt will provide up to 14.4GW of energy, powering up the homes and businesses of about 15 million Egyptians. Emad Ghaly, CEO of Siemens Egypt, speaks of how the project would impact the country’s economy in the long term. How does the first phase of Siemens mega power stations in …

Forbes Middle East

850bn cubic metre gas reserves in Zohr field 

Zohr, a natural gas field,  is the largest discovered field in Egypt and the Mediterranean Sea, with gas reserves estimated at 850bn cubic meters, according to Eni Company. The Zohr gas field is an offshore natural gas field located in the Egyptian sector of the Mediterranean Sea. The field is located in the Shorouk concession, …

Daily News Egypt

Petroleum Ministry to offer oil exploration bid in Q1 2018

The Ministry of Petroleum and Mineral Resources intends to put forward a global bid to explore the oil resources of the Red Sea in the first quarter of 2018, in light of the results of 2D and 3D seismic surveys currently being conducted in the Red Sea. According to ministry sources, companies currently conducting surveys …

Mohamed Farag